Exhibit 99.1

 

World Omni Auto Receivables Trust 2023-B

Monthly Servicer Certificate

August 31, 2026 

 

Dates Covered            
Collections Period   08/01/26 - 08/31/26           
Interest Accrual Period   08/17/26 - 09/14/26           
30/360 Days   30           
Actual/360 Days   29           
Distribution Date   09/15/26           
                
Collateral Pool Balance Data  $ Amount   # of Accounts      
Pool Balance at 07/31/26   178,344,700.03    14,648      
Yield Supplement Overcollateralization Amount 07/31/26   7,952,686.56    0      
Receivables Balance 07/31/26   186,297,386.59    14,648      
Principal Payments   10,968,698.03    371      
Defaulted Receivables   155,035.52    11      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 08/31/26   7,243,399.39    0      
Pool Balance at 08/31/26   167,930,253.65    14,266      
                
Pool Statistics  $ Amount   # of Accounts      
Pool Factor   15.06%          
Prepayment ABS Speed   1.15%          
Aggregate Starting Principal Balance   1,162,826,061.02    44,579      
                
Delinquent Receivables:               
Past Due 31-60 days   4,622,184.88    253      
Past Due 61-90 days   1,553,514.25    76      
Past Due 91-120 days   169,965.80    9      
Past Due 121+ days   0.00    0      
 Total   6,345,664.93    338      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.62%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.98%          
Delinquency Trigger Occurred   NO           
                
Recoveries   180,345.44           
Aggregate Net Losses/(Gains) - August 2026   (25,309.92)          
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   -0.16%          
Prior Net Losses/(Gains) Ratio   0.06%          
Second Prior Net Losses/(Gains) Ratio   -0.19%          
Third Prior Net Losses/(Gains) Ratio   -0.22%          
Four Month Average   -0.13%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.68%          
                
Overcollateralization Target Amount   5,232,239.66           
Actual Overcollateralization   5,232,239.66           
Weighted Average Contract Rate   6.06%          
Weighted Average Contract Rate, Yield Adjusted   10.14%          
Weighted Average Remaining Term   26.42           
                
Flow of Funds  $ Amount           
Collections   12,090,524.26           
Investment Earnings on Cash Accounts   8,996.96           
Servicing Fee   (155,247.82)          
Transfer to Collection Account   -           
Available Funds   11,944,273.40           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   490,890.22           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   127,914.25           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   67,288.50           
    (7)  Noteholders' Third Priority Principal Distributable Amount   5,182,206.72           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   5,232,239.66           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   843,734.05           
                
Total Distributions of Available Funds   11,944,273.40           
                
Servicing Fee   155,247.82           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors  $ Amount           
Original Class A   996,700,000.00           
Original Class B   31,390,000.00           
Original Class C   15,740,000.00           
                
Total Class A, B, & C               
Note Balance @ 08/17/26   173,112,460.37           
Principal Paid   10,414,446.38           
Note Balance @ 09/15/26   162,698,013.99           
                
Class A-1               
Note Balance @ 08/17/26   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   0.00           
Note Factor @ 09/15/26   0.0000000%          
                
Class A-2a               
Note Balance @ 08/17/26   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   0.00           
Note Factor @ 09/15/26   0.0000000%          
                
Class A-2b               
Note Balance @ 08/17/26   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   0.00           
Note Factor @ 09/15/26   0.0000000%          
                
Class A-3               
Note Balance @ 08/17/26   26,482,460.37           
Principal Paid   10,414,446.38           
Note Balance @ 09/15/26   16,068,013.99           
Note Factor @ 09/15/26   5.4064650%          
                
Class A-4               
Note Balance @ 08/17/26   99,500,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   99,500,000.00           
Note Factor @ 09/15/26   100.0000000%          
                
Class B               
Note Balance @ 08/17/26   31,390,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   31,390,000.00           
Note Factor @ 09/15/26   100.0000000%          
                
Class C               
Note Balance @ 08/17/26   15,740,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/26   15,740,000.00           
Note Factor @ 09/15/26   100.0000000%          
                
Interest & Principal Payments  $ Amount           
Total Interest Paid   686,092.97           
Total Principal Paid   10,414,446.38           
Total Paid   11,100,539.35           
                
Class A-1               
Coupon   5.31600%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   5.25000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2a Holders   0.00           
                
Class A-2b               
SOFR Rate   3.63650%          
Coupon   4.34650%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.66000%          
Interest Paid   102,840.22           
Principal Paid   10,414,446.38           
Total Paid to A-3 Holders   10,517,286.60           
                
Class A-4               
Coupon   4.68000%          
Interest Paid   388,050.00           
Principal Paid   0.00           
Total Paid to A-4 Holders   388,050.00           
                
Class B               
Coupon   4.89000%          
Interest Paid   127,914.25           
Principal Paid   0.00           
Total Paid to B Holders   127,914.25           

 

 

 

 

Class C               
Coupon   5.13000%          
Interest Paid   67,288.50           
Principal Paid   0.00           
Total Paid to C Holders   67,288.50           
                
Distribution per $1,000 of Notes  Total            
Total Interest Distribution Amount   0.6572842           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   9.9771480           
Total Distribution Amount   10.6344322           
                
A-1 Interest Distribution Amount   0.0000000           
A-1 Interest Carryover Shortfall   0.0000000           
A-1 Principal Distribution Amount   0.0000000           
Total A-1 Distribution Amount   0.0000000           
                
A-2a  Interest Distribution Amount   0.0000000           
A-2a Interest Carryover Shortfall   0.0000000           
A-2a  Principal Distribution Amount   0.0000000           
Total A-2a  Distribution Amount   0.0000000           
                
A-2b  Interest Distribution Amount   0.0000000           
A-2b Interest Carryover Shortfall   0.0000000           
A-2b  Principal Distribution Amount   0.0000000           
Total A-2b  Distribution Amount   0.0000000           
                
A-3 Interest Distribution Amount   0.3460303           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   35.0418788           
Total A-3 Distribution Amount   35.3879091           
                
A-4 Interest Distribution Amount   3.9000000           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   3.9000000           
                
B Interest Distribution Amount   4.0750000           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   4.0750000           
                
C Interest Distribution Amount   4.2750000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   4.2750000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   0.00           
Noteholders' Third Priority Principal Distributable Amount   497.60           
Noteholders' Principal Distributable Amount   502.40           
                
Account Balances  $ Amount           
Reserve Account               
Balance as of 08/17/26   2,616,119.83           
Investment Earnings   7,776.00           
Investment Earnings Paid   (7,776.00)          
Deposit/(Withdrawal)   -           
Balance as of 09/15/26   2,616,119.83           
Change   -           
                
Required Reserve Amount   2,616,119.83           
                
Other Servicing Information  Current Month   Prior Month   Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $1,153,629.75   $1,508,727.84   $1,268,230.36 
Number of Extensions   65    84    66 
Ratio of extensions to Beginning of Period Receivables Balance   0.62%   0.76%   0.60%